3/12/15 - EOD Analysis with Levels and Signals ::

Nifty 50 spot 

7902.30

-7912.30-

7853.30-

7864.15

Gap-down Open and could not cross 7922, which was SL for Long. It also did not touch even Upside trigger of 7919, as per pre-open levels. 

M	8200	7828	8004	X	X
W	8006	7839	7912	RST	X
D	7941	7881	7903	X	SS
H	7899	7874	7883	X	SS

At EOD, Monthly is Neutral and Weekly signals Resistance at high near 8006. Daily and Hourly have clear Short signal. Maintain SL of 7903 as SL for Short.

Resistances: (7874-81-83-99) - (7912-41). 

Supports: (7839-28-13). Below all major averages, hence all rises meant for shorting.    

Nifty Bank spot 

17137.80-

17219.00-

17080.25-

17110.10

Gap-down Open, but managed to cover 2 Upside levels as per Pre-open levels. But since it was Short as per EOD yesterday, SL of 17269 did not trigger. 

M	17911	16889	17420	X	X
W	17457	16969	17213	BPS	SR
D	17345	17145	17216	X	SS
H	17194	17123	17149	X	SS

Monthly has no signal but Weekly suggests Book in Short near 16969 and Sell on Rise near 17457. daily and Hourly signals clear Short with SL of 17216. 

Resistances: (17123-45-49-94) - (17213-16) - 17345.

Supports: 16969 - 16889. As below all main averages, scenario is of sell on rise.